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Red Rock Resorts, Inc. reports recurring developments tied to its casino, entertainment, development and management business in the Las Vegas valley. Company updates center on quarterly and annual operating results, Las Vegas operations, Adjusted EBITDA, net income, casino-related revenue categories, and management or development fee activity connected to Native American operations.
News also covers scheduled earnings releases and conference calls, cash dividends on Class A common stock, and market-index classification changes. The recurring business focus is the performance of casino properties that combine gaming with dining, rooms and entertainment offerings.
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Red Rock Resorts (NASDAQ: RRR) will announce its first quarter 2023 financial results on May 4, 2023, followed by a conference call at 4:30 p.m. ET. Investors can listen in by calling (888) 317-6003 or via a live audio webcast at www.redrockresorts.com. A replay will be available until May 18, 2023. Red Rock Resorts operates Station Casinos, which is a leading entertainment provider in Las Vegas, offering various gaming, restaurant, and entertainment amenities across numerous properties.
Red Rock Resorts (NASDAQ: RRR) reported its financial results for Q4 and full year 2022 on February 7, 2023. For Q4 2022, net revenues increased by 0.7% to $425.5 million, while net income decreased by 14.9% to $170.2 million. Adjusted EBITDA rose by 2.5% to $194.4 million. Las Vegas operations experienced a slight revenue dip to $419.6 million, with adjusted EBITDA falling to $206.9 million. For the full year, net revenues climbed 2.8% to $1.66 billion, and net income grew by 10% to $390.4 million. The company declared a quarterly dividend of $0.25 per Class A share, payable on March 31, 2023. Total debt stood at $3.0 billion with $117.3 million in cash.
Red Rock Resorts announced plans to release its financial results for the fourth quarter and full year 2022 on February 7, 2023, followed by a conference call at 4:30 p.m. ET. Investors can join the call by dialing in by 4:15 p.m. ET or access a live audio webcast at their website. A replay will be available until February 14, 2023. Red Rock Resorts, operating through its subsidiary Station Casinos, is a major entertainment provider in Las Vegas.
Red Rock Resorts has declared a special dividend of $1.00 per Class A common share, payable on December 9, 2022. This announcement was made on November 14, 2022, with a record date of November 30, 2022. Prior to the dividend, Station Holdco will distribute approximately $108.1 million to unit holders, with Red Rock expected to receive around $62.1 million. The company, a major provider of gaming and hospitality in Las Vegas, operates multiple properties and is focused on long-term growth despite uncertainties in the market.
Red Rock Resorts reported its third-quarter results, revealing net revenues of $414.4 million, nearly unchanged from $414.8 million in Q3 2021.
However, net income fell to $95.5 million, down $22.5 million year-over-year, and Adjusted EBITDA decreased 1.4% to $181.9 million. Revenues from Las Vegas operations also saw a 0.3% decline to $411.6 million. The company declared a cash dividend of $0.25 per Class A share for Q4 2022, emphasizing a stable cash distribution while managing significant debt of $2.91 billion.
Red Rock Resorts (NASDAQ: RRR) will announce its third quarter 2022 financial results on October 27, 2022. The company will host a conference call at 4:30 p.m. ET that day, featuring prepared remarks and a Q&A session. To participate, callers should dial in by 4:15 p.m. ET. An audio webcast will also be available on their website. A replay of the call can be accessed until November 3, 2022. Red Rock Resorts operates several entertainment destinations in Las Vegas, primarily through its subsidiary, Station Casinos.